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Outbound M&A to double in H2
By Winny Wang |
September 5, 2011, Monday
|
Online Edition
Online Edition
THE value of outbound merger and acquisition activities by Chinese investors is expected to double in the second half of this year from US$17 billion in the first half, Deloitte said in a report today.
"Chinese companies are increasingly willing to invest abroad, driven by the need to secure raw materials from overseas and to escape from the overly crowded domestic markets," said Lawrence Chia, head of M&A services of Deloitte China.
"By investing overseas, Chinese companies can also acquire new technologies, create partnerships back home and pave the way for their future investment in a target country," said Chia.
He said M&A activities would be the most active among energy and resources companies, which contributed 32 percent of overall outbound deal flows in the first half.
Under the guidance of the Chinese government, investments also flew into other value-added industries, such as consumer business and transport, as well as technology, media and telecommunication, which accounted for 29 percent of the total amount.
Last year, Chinese buyers took part in US$62 billion of outbound M&A activities – a 157 percent jump year-on-year.
"Chinese companies are increasingly willing to invest abroad, driven by the need to secure raw materials from overseas and to escape from the overly crowded domestic markets," said Lawrence Chia, head of M&A services of Deloitte China.
"By investing overseas, Chinese companies can also acquire new technologies, create partnerships back home and pave the way for their future investment in a target country," said Chia.
He said M&A activities would be the most active among energy and resources companies, which contributed 32 percent of overall outbound deal flows in the first half.
Under the guidance of the Chinese government, investments also flew into other value-added industries, such as consumer business and transport, as well as technology, media and telecommunication, which accounted for 29 percent of the total amount.
Last year, Chinese buyers took part in US$62 billion of outbound M&A activities – a 157 percent jump year-on-year.
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